Olivier Blum

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Schneider Electric signs $22.6 billion deal to acquire PTC

Leading the PTC acquisition, announced October 5, 2026

Schneider Electric agreed October 5 to buy PTC, the Boston industrial software firm, for $22.6 billion in cash, or $205 a share. It is the largest acquisition in Schneider's history and a bet that software will drive its data center business.

Updated 12 hours ago

Notable Quotes

Data Centers remained a key growth driver as we continue to execute on our backlog while seeing triple-digit demand growth in the quarter. — Schneider Electric quarterly statement, October 16, 2026

from Schneider Electric signs $22.6 billion deal to acquire PTC · Updated 12 hours ago

Today's successful placement marks an important first step in the financing of our acquisition of PTC.

from Schneider Electric signs $22.6 billion deal to acquire PTC · Updated 12 hours ago